US Stocks Climb
February 3rd, 2010 by Lawrence Grasso
Closing Data
| Current | Change | % | |
|---|---|---|---|
| Dow Jones | 10,296.85 | 111.32 | 1.1% |
| NASDAQ | 2,190.06 | 18.86 | 0.9% |
| S P 500 | 1,103.31 | 14.13 | 1.3% |
| FTSE 100 | 5,283.31 | 35.9 | 0.7% |
| Nikkei 225 | 10,371.09 | 166.07 | 1.6% |
| ASX 200 | 4,605.00 | 81.2 | 1.8% |
| COMEX Gold - Dec 09 | 1,118.20 | 13.2 | 1.2% |
| COMEX Silver - Sep 09 | 16.743 | 0.083 | 0.5% |
| COMEX Copper - Sep 09 | 309.3 | 0.95 | 0.3% |
| WTI Spot | 76.99 | 2.23 | 3.0% |
| AUD-USD | 0.8863 | -0.005 | -0.6% |
| Aluminium | 2,046.50 | -15 | -0.7% |
| Copper | 6,675.00 | -179 | -2.6% |
| Lead | 2,001.00 | -54 | -2.6% |
| Nickel | 18,025.00 | -705 | -3.8% |
| Tin | 16,060.00 | -985 | -5.8% |
| Zinc | 2,092.50 | -29.5 | -1.4% |
U.S. stocks climbed Tuesday as an unexpected rise in pending-home sales and a surprise quarterly profit from builder D.R. Horton lifted other stocks connected with the housing market. The Dow Jones Industrial Average rose 111.32 points, or 1.09%, to 10296.85. The gain, combined with a 118.20-point rise on Monday, represents the first time the market has had two straight days of triple-digit gains since early October. It also marks the biggest two-day gain since early November.
On the local front Australian equities should open the session strongly, with commodities having a significant rally over night. Look for the majors (BHP, RIO,WPL) to lead the market today. It will be interesting to see if the banking sector can find its feet today after a sluggish performance yesterday.
With the market bouncing off major support around the 4500 level, we may see a move back to the middle of a trading range at 4800. The most important thing we need to see today is that the bulls open the session strong and hold their ground throughout the day.
Contact your Freeman Fox Stockbroker on 07 3031 9960 or 1800 003 369 Ext 7.
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